Hiring Retired Teachers Sample Clauses

Hiring Retired Teachers. A. When PCSC hires a retired teacher, the teacher’s pay shall be up to, but not more than $51,000 per year. If a retired teacher is hired for an entire school year, that teacher shall receive benefits excluding the VEBA, teacher retirement, and medical insurance. That teacher shall receive a stipend of $4,500 to be used for their own medical insurance or supplemental Medicare insurance. If the teacher is hired for part of a year, that teacher shall not receive benefits. If the teacher works for the entire year, but less than a full day, the teacher shall receive a proportionate amount of applicable benefits.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
Hiring Retired Teachers. The following agreement is entered into between the School Board of Independent School District 719 (School District) and Prior Lake-Savage Education Association (Exclusive Representative) regarding the hiring of retired teachers. It replaces and supersedes any previous agreements relating to this matter. The School District and Exclusive Representative agree to the following:
Sample 1Sample 2Sample 3
Hiring Retired Teachers. A teacher retired under STRS or any other state retirement system may be re- employed (“re-employed teacher”) under the following conditions: 1. There shall not be any expectation that any retiree, whether formerly an employee of the Archbold School District or not, will be offered employment after retirement. The Board reserves the right to offer or not offer such employment based upon the needs of the school district with no reason being given for declining to offer such employment to anyone. 2. The Board reserves the right to determine the experience level step of the retiree based upon the needs of the district. However, the re-employed teacher will start with a salary schedule placement experience step of no less than 5 years experience and full education credit on the columns. Thereafter, if the retiree is rehired, each year rehired, there shall be advancement of one step on the salary schedule. To the extent this provision may be in conflict with ORC 3317, this language shall supersede and replace those sections of law with which it may be in conflict. 3. The re-employed teacher must take STRS insurance or insurance provided through a spouse if such insurance is available. If there is a cost to the employee for such insurance through STRS or through a spouse, the Board shall pay or reimburse the employee's portion for single coverage at the lesser of the actual contribution or the cost of the single rate plan in Archbold at the time of such coverage. The employee at the district’s cost may purchase dental, life, or vision insurance, if not provided. For reimbursement of the single coverage expense, the employee must provide proof of such expense. If a re-employed teacher is not eligible for STRS insurance and the spouse does not have insurance available, the Board will provide single coverage for such employee. If the employee is thus covered by Board insurance, the employee may pay the difference between the single and family coverage to provide family coverage. Dental, vision and life insurance may be purchased by the employee at the Board’s cost. 4. The contract of employment will be a limited contract regardless of the status prior to retirement. The re-employed teacher will not resume and is not eligible for continuing contract status during any period of re-employment with the District. Re-employment is entirely at the discretion of the Board and this decision is not subject to the grievance procedure or ORC 3319.11
Sample 1
Hiring Retired Teachers. A. Retired teacher," as used in this section, means any teacher who retired from the Eastern Xxxxxx Schools or any other public school corporation. B. All retired teachers hired by the school district shall be include in the bargaining unit. C. A teacher who has retired from teaching may be hired to teach part-time or full- time, depending upon the school district's need. Part-time teachers will receive salary on a pro-rated basis. D. Retired teachers hired with a Bachelor's Degree shall be paid $40,000 and retired teachers hired with a Master's Degree will be paid $50,000. E. Retired teachers will be provided a one-year contract. F. Retired teacher shall have all of the benefits of this contract with the following exceptions: 1. Severance and retirement benefits provided by this agreement. 2. Retired teachers eligible for Medicare benefits will not be eligible for health insurance benefits. X. Xxxxxxx the Eastern Xxxxxx Schools nor the Eastern Xxxxxx Teachers Organization will be liable for any problems the retired teacher may have with INPRS, the Social Security Administration, of the Internal Revenue Service (IRS) regarding his/her original retirement, his/her return to teaching, or subsequent second retirement.
Sample 1
Hiring Retired Teachers. Terms and salary for hiring retired teachers to certified positions shall be as follows: 1. Teachers who have retired and who are or will be receiving benefits through STRS may be employed by the Central Local School District Board of Education. There shall be no expectation that any such teacher, whether formerly an employee of the Central Local Board of Education or not, will be offered employment. The District reserves the right to offer or not to offer such employment selectively, based on the needs of the District, and no reason will be given for declining to offer such employment to anyone pursuant to this provision. 2. The salary to be paid to the retired teacher shall be based on the appropriate placement on the existing teacher salary schedule training column with years of experience being granted to a teacher hired pursuant to this provision to be determined by the Board, but no fewer than five years or more than ten. Once placed, the teacher will advance on the salary schedule but will not exceed ten at any time. To the extent this provision shall be in conflict with §3317 of the Ohio Revised Code or any other section of the Ohio Revised Code, this subparagraph shall supersede and replace those sections of law with which it is in conflict. 3. Returning retirees are not entitled to any severance benefits or retirement incentive benefits. 4. Retired teachers shall be eligible for Board-provided health insurance in accordance with the provisions of this Agreement. 5. Teachers employed pursuant to this provision, upon initial employment, shall start with a zero sick leave accumulation balance but shall earn sick leave at the same rate as other members of the bargaining unit. 6. Teachers employed pursuant to this provision shall receive one (1) year limited contracts and shall not be eligible for continuing contracts, regardless of their years of service or license held. 7. Each one-year contract shall automatically expire upon the completion of the year. If the Board gives the teacher notice by April 30, he/she will not be offered a contract the next year. It shall not be necessary for the District to take formal action to not re-employ the employee pursuant to §3319.11 of the Ohio Revised Code, in order to terminate the employment relationship. The employment relationship shall end upon the expiration of the contract in the same manner as a supplemental contract. 8. In the event of a reduction in force, a teacher employed pursuant to this provision...
Sample 1
Hiring Retired Teachers 
Sample 1

Related to Hiring Retired Teachers

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Public Employees Retirement System “PERS”) Members.

  • Pre-Retirement Death Benefit (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Qualifying Termination If, prior to Executive’s attainment of age 65, Executive’s employment is involuntarily terminated by the Company without Cause (and other than due to his Disability) or is voluntarily terminated by Executive for Good Reason, in either case only during the period commencing on the occurrence of a Change in Control of the Company and ending on the second anniversary of date of the Change in Control (“Protection Period”), then the Company shall pay or provide Executive with: (i) Executive’s Accrued Obligations, payable in accordance with Section 8(a)(i); (ii) Any unpaid annual cash incentive award earned with respect to any fiscal year ending on or preceding the date of termination, payable when awards are paid generally to senior executives for such year; (iii) A pro-rated annual cash incentive for the fiscal year in which such termination occurs, the amount of which shall be based on target performance and a fraction, the numerator of which is the number of days elapsed during the performance year through the date of termination and the denominator of which is 365, which pro-rated annual cash incentive award shall be paid when awards are paid generally to senior executives for such year; (iv) A lump sum severance payment in the aggregate amount equal to the product of (A) the sum of (1) Executive’s highest Base Salary during the Protection Period plus (2) his annual target annual cash incentive award multiplied by (B) two (2); provided, unless the Change of Control occurring on or preceding such termination also meets the requirements of Section 409A(a)(2)(A)(v) and Treasury Regulation Section 1.409A-3(i)(5) (or any successor provision) thereunder (a “409A Change in Control”), the amount payable to Executive under this subparagraph (iv) shall be paid to Executive in equal semi-monthly payroll installments over a period of twenty-four (24) months, not in a lump sum, to the extent necessary to avoid the application of Section 409A(a)(1)(A) and (B); (v) Subject to Executive’s continued co-payment of premiums, continued participation for two (2) years in the Company’s medical benefits plan which covers Executive and his eligible dependents upon the same terms and conditions (except for the requirements of Executive’s continued employment) in effect for active employees of the Company. In the event Executive obtains other employment that offers substantially similar or more favorable medical benefits, such continuation of coverage by the Company under this subsection shall immediately cease. The continuation of health benefits under this subsection shall reduce the period of coverage and count against Executive’s right to healthcare continuation benefits under COBRA; and (vi) Payments falling under Section 10(b)iv shall, if to be paid in a lump sum pursuant to such section, be paid within ten (10) business days after the Executive’s termination of employment. Provided, to the extent applicable under Section 409A as a “deferral of compensation,” and not as a “short-term deferral” under Treasury Regulation Section 1.409A-1(b)(4), the payments and benefits payable to Executive under this Section 10(b) shall be subject to the Safe Harbor and Postponement provided at Section 8(c)(iv).

  • Death, Retirement or Disability Executive’s employment shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company’s employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, “Disability” shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental condition which has lasted (or can reasonably be expected to last) for twelve workweeks in any twelve-month period. At the request of Executive or his personal representative, the Board’s determination that the Disability of Executive has occurred shall be certified by two physicians mutually agreed upon by Executive, or his personal representative, and the Company. Failing such independent certification (if so requested by Executive), Executive’s termination shall be deemed a termination by the Company without Cause and not a termination by reason of his Disability.

  • Termination After a Change in Control You will receive Severance Benefits under this Agreement if, during the Term of this Agreement and after a Change in Control has occurred, your employment is terminated by the Company without Cause (other than on account of your Disability or death) or you resign for Good Reason.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Termination After Change in Control Sections 9.2 and 9.3 set out provisions applicable to certain circumstances in which the Term may be terminated after Change in Control.

  • Change in Employment Status The District shall promptly notify the OEA Membership Specialist whenever an employee in the bargaining unit is placed on an unpaid leave of absence, retires, is laid off, resigns, or changes their name.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!